Bitcoin struggles against the $89,000 price ceiling as bulls try to break the US selling pattern
Bitcoin bulls are scrambling on Friday to break this week’s choppy action that has capped any progress at around $90,000.
Bitcoin Could Hit $143,000 in a Year, Citi Says, Citing ETF and Regulatory Windfall
Amid the recent bearish price action, the headline is Citigroup’s 12-month outlook for bitcoin BTC$87,996.38 at $143,000 — or about 62% up from the current $88,000 — will raise some eyebrows. “We foresee increased adoption of digital assets, spurred by potential US digital asset legislation in the second quarter, with bitcoin likely to enter the
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Circle (CRCL), Bullish (BLSH) and Coinbase (COIN) Citi’s top picks in crypto
Wall Street bank Citigroup updated its digital asset equity coverage to reflect recent general declines in crypto, but remains bullish on the sector. “Despite recent token volatility, we remain bullish on digital asset stocks,” analysts led by Peter Christiansen wrote in a Friday report. USDC stablecoin issuer Circle Financial ( CRCL ) remains Citi’s top
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Most Influential Honorable Mentions of 2025
The cryptocurrency industry is constantly growing and constantly changing, and it’s hard to sum up the year’s zeitgeist with 50 names alone. To wrap up CoinDesk’s Most Influential 2025 series, we’re giving an honorable mention to a final list of nominees, recognizing stories that really took off in the final months of the year, or
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DraftKings enters prediction markets with a CFTC-approved app for real-world events
DraftKings has unveiled a new standalone app for real-money prediction markets, becoming the latest major player to enter a field that includes crypto-native platforms like Polymarket and Robinhood’s event contracts. The product, called DraftKings Predictions, lets users trade on the outcomes of real-world events, starting with sports and finance, the company announced Friday. It is
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The index jumps 4.6% as all components trade higher
CoinDesk Indices presents its daily market update highlighting the performance of leaders and laggards in the CoinDesk 20 Index. CoinDesk 20 is currently trading at 2715.35, up 4.6% (+120.05) since 4 PM ET Thursday. All 20 assets are trading higher. Leaders: SUI (+7.0%) and SOL (+6.9%). Backlog: CRO (+2.7%) and POL (+3.0%). The CoinDesk 20
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Oracle (ORCL) TikTok deal lifts AI mining stocks as BTC marks $88,000
Oracle ( ORCL ) shares rose more than 6% in premarket trading to around $190 after Bloomberg reported that TikTok signed binding agreements to form a new U.S. joint venture led by Oracle that will help ease investor concerns about AI-driven valuation risks. The upbeat reaction spread across risk assets. Bitcoin BTC$87,892.69 jumped above $88,000,
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: Crypto Diary Americas
By Francisco Rodrigues (all times ET unless otherwise noted) Bitcoin BTC$88,067.04 rose above $88,000 even after the Bank of Japan raised interest rates to the highest in nearly 30 years, a move that would have been expected to strengthen the yen and make the carry trade less attractive. Instead, the currency weakened on concerns that
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Terraform’s Bankruptcy Boss Sues Jump Trading For $4B Over Terra Crash
The bankruptcy court-appointed administrator of the Terraform Labs collapse is suing Jump Trading, accusing the high-speed trading company of illegally profiting from and contributing to the $40 billion collapse, according to the Wall Street Journal. Todd Snyder, tasked with winding down what’s left of the crypto empire, is seeking $4 billion in damages from the
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the XRP affiliate expands its institutional trading push
Ripple said it deepened its relationship with brokerage firm TJM Investments by buying a minority stake that takes it further into the behind-the-scenes infrastructure that institutions use to trade and settle assets. Ripple will support trading and clearing of TJM, a US-regulated broker-dealer, as part of the arrangement. The companies have not disclosed financial terms.
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